Overview
- Algorand rose about 23% to an eight-week high near $0.105 after a Google Quantum AI paper mentioned the project 32 times and placed its security work behind only Bitcoin and Ethereum.
- Futures activity turned upbeat as CoinGlass reported a one-day 55% jump in open interest to $58.9 million, with positive funding rates that show traders paying to keep long bets open.
- Swiss bank PostFinance integrated Algorand, giving roughly 2.5 million customers a way to buy and hold ALGO inside their regular accounts.
- Revolut enabled ALGO staking on March 30 for its 70 million–plus users, a feature that can lock up tokens and reduce the amount available to sell.
- Chart watchers say the price broke above the 20-, 50-, and 100-day averages after a long slide, with the 200-day simple moving average near $0.138 now the key level to beat.